HK Disneyland suffers first loss in five years due to competition

Hong Kong Disneyland Resort has recorded its first annual loss since 2011. Its latest financial report shows it fell HK$148 million ($19 million) into the red for the fiscal year ending October last year. Revenue also fell 6.4 percent to HK$5.11 billion, the park’s first year-on-year decline in income since 2009. It made a profit of…